State Michigan Financial News
11.05 / 14:25
COST
Racing
Strategy
Reserve
Senate confirms Lisa Cook as first Black woman on Federal Reserve Board
WASHINGTON — The Senate confirmed economist Lisa Cook on Tuesday night to serve on the Federal Reserve's Board of Governors, making her the first Black woman to sit on the panel in its 108-year history.
11.05 / 00:19
Senate Advances Fed Nominee Lisa Cook to Final Confirmation Vote
The Senate moved closer Tuesday to confirming one of President Biden’s nominees to the Federal Reserve.
19.04 / 08:41
Law
Donations
foreign
crypto donations
Ireland bans political crypto donations on foreign interference fears
Donations made to political parties using cryptocurrencies will be banned in Ireland under new political integrity laws drafted due to concerns around foreign interference in politics.
15.04 / 20:25
Government
Law
Federal Reserve
vice chair
President Biden announces former Ripple adviser as pick for Fed vice chair for supervision
Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as the central bank’s vice chair for supervision.
15.04 / 14:45
regulatory
Fed Regulatory Nominee Michael Barr in His Own Words
President Biden will nominate Michael Barr, the dean of public policy at the University of Michigan, to serve as the Federal Reserve’s vice chair for supervision. If confirmed, he would be the central bank’s top banking regulator. An alum of both the Clinton and Obama administrations, where he served in the Treasury Department, Mr. Barr helped shape the Dodd-Frank financial reform in 2010 and has written extensively on financial regulation.
07.04 / 07:09
Forbes
Musk
elon
stake
Tesla's Elon Musk may add to SEC ire with late report about Twitter stake
Musk break securities laws again? Former securities officials and professors said Musk may have missed a key disclosure deadline when he bought 9% of Twitter. And Securities and Exchange Commission regulators could use any shortfall to try to punish Musk more for other lapses, some believe. Musk on Monday disclosed that he bought a 9.2% stake in Twitter Inc, making him the micro-blogging site's largest shareholder and triggering a rise of more than 27% in the company's shares. The filing said March 14, 2022 is the date of the event that requires the statement.
29.03 / 20:07
Senate Prepares Confirmation Vote for Lisa Cook as Fed Governor
The Senate voted Tuesday to advance the nomination of economist Lisa Cook for a seat on the Federal Reserve’s board, a procedural step required before the full chamber can vote on whether to confirm her for the post.
13.03 / 15:09
Courts
Courts Threaten to Undercut IRS Efforts to Go After Tax Shelters
A court ruling has weakened one of the Internal Revenue Service’s most powerful tools for policing tax shelters, making it harder for the agency to find people engaging in questionable practices.
11.03 / 16:05
Blockchain
Adoption
defi
DEX
Celo foundation proposes to deploy Uniswap V3 on its native blockchain
A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network.
11.02 / 22:55
What to Expect When Consumers Don’t Expect Inflation to Last
Americans are bummed out about inflation. And yet they don’t seem to see it as a lasting problem.
10.02 / 20:55
economics
us government
Federal Reserve
Reserve
US Federal Reserve bank at the helm of CBDC research effort appoints new president
The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer.
09.02 / 23:33
Boston Fed Picks University of Michigan Provost Susan M. Collins as President
The Federal Reserve Bank of Boston selected University of Michigan Provost Susan M. Collins as its next president, filling a vacancy left last year when Eric Rosengren moved forward his retirement following a controversy over his and other officials’ financial-market trading.
09.02 / 23:27
Lowe's
Digital
Career
University of Michigan provost named as next head of the Boston Fed
The Boston Federal Reserve, which is heading the central bank's potential foray into digital currency and saw its leader resign last year amid a stock-trading controversy, has a new leader.
03.02 / 13:39
Raskin Faces Senate Questions Over Views on Climate Change, Regulations
WASHINGTON—Sarah Bloom Raskin, President Biden’s nominee to become the government’s top bank regulator, goes to Capitol Hill on Thursday to face lawmakers’ questions about her support for tougher banking rules and for using financial regulation to address climate change—positions cheered by Democrats but criticized by Republicans.
01.02 / 13:35
Fighting
Fed Nominee Has Studied How Policies Affect Economic Opportunities
Economist Lisa Cook has often focused her research on policies that promote broad economic opportunity, particularly for racial minorities and women, an approach she could soon bring to the central bank and its policy making.
01.02 / 13:35
Economist Lisa Cook in Her Own Words
President Biden has nominated Lisa Cook, a professor of economics and international relations at Michigan State University, to join the Federal Reserve Board of Governors. She previously worked as a senior economist at the White House Council of Economic Advisers during the Obama administration and spent a year as a Treasury Department senior adviser during the Clinton and George W. Bush administrations.
25.01 / 19:12
Ethereum
cryptocurrency
Adoption
Bitcoin
Why and How Crypto Will Rule Metaverse
Rabindra Ratan, Associate Professor of Media and Information, Michigan State University, and Dar Meshi, Assistant Professor of Communication Arts and Sciences, Michigan State University.
24.01 / 21:15
14.01 / 19:07
Career
Biden Taps Economists Lisa Cook, Philip Jefferson for Fed Seats
President Biden will seek to fill two seats on the Federal Reserve’s Board of Governors with academic economists Lisa Cook of Michigan State University and Philip Jefferson of Davidson College, the White House said Thursday.
14.01 / 18:49
Government
regulation
Federal Reserve
vice chair
President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision
The White House has officially tapped former Fed governor Sarah Bloom Raskin to serve as the vice chair for supervision for the Federal Reserve, as well as economists Lisa Cook and Philip Jefferson to fill two empty seats on its board of governors.
05.01 / 22:49
Government
economy
Federal Reserve
President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report
The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in 2022.
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